approved lender, Conventional loans, down payment assistance, fha, home buyer class, housing counseling, hud, myhomedownpayment, va
In myhomedownpayment on March 5, 2009 at 3:05 am
Recently I received an email requesting information on down payment assistance programs for a specific city. Down payment assistance programs for that city are not listed on myhomedownpayment.com, yet.
This article is one of six on finding down payment assistance programs in your area. If you are looking for down payment assistance programs anywhere in the country, the following information should help get you up and started.
Back to the homework.
Go to the HUD web site and download a list of approved lenders in your area. Contact them.
Next go to the same HUD site to find a list of approved home buyer counseling providers. Take as many first time homebuyer classes as you can. Myhomedownpayment.com provides a list of online homebuyer classes.
Most down payment assistance programs will require you to take a class from an approved provider. No problem, your goal is to become as knowledgeable about the home buying process as possible.
The Steps:
- Choose the first mortgage program you qualify for: FHA/HUD, Conventional, VA, or Rural Development
- Choose a State Down Payment Assistance loan or grant (must be eligible)
- Choose a County Down Payment Assistance loan or grant (must be eligible)
- Choose a City or unincorporated area loan or grant (must be eligible)
If you need further assistance feel free to contact me at contact@myhomedownpayment.com.
The author, Yasmin Sabur, is the founding member of My Home Down Payment and myhomedownpayment.com, e-education businesses promoting affordable housing through mortgage down payment assistance programs for low-to-moderate income families.
credit report, down payment assistance, fha, home purchase, hud, loan application, low to moderate income, mortgage, myhomedownpayment, real estate
In myhomedownpayment on March 5, 2009 at 2:49 am
Recently I received an email requesting information on down payment assistance programs for a specific city. Down payment assistance programs for that city are not listed on myhomedownpayment.com, yet.
This article is one of six on finding down payment assistance programs in your area. If you are looking for down payment assistance programs anywhere in the country, the following information should help get you up and started.
Ask questions. Buying a home is not the time to be embarrassed because you don’t understand something. Ask questions, and ask for an explanation in English. If your questions are not answered in a timely or understandable fashion, move on. Ask all the questions you can think of in the beginning of the process. Interview real estate professionals and mortgage professionals.
Don’t sign any loan applications, release your social security number or have credit reports ordered before receiving an answer to your questions. Once you begin the loan process you will have to pay for credit reports and appraisals, in addition to other fees. You must be comfortable with the professionals before you commit your hard earned money.
The Steps:
- Choose the first mortgage program you qualify for: FHA/HUD, Conventional, VA, or Rural Development
- Choose a State Down Payment Assistance loan or grant (must be eligible)
- Choose a County Down Payment Assistance loan or grant (must be eligible)
- Choose a City or unincorporated area loan or grant (must be eligible)
If you need further assistance feel free to contact me at contact@myhomedownpayment.com.
The author, Yasmin Sabur, is the founding member of My Home Down Payment and myhomedownpayment.com, e-education businesses promoting affordable housing through mortgage down payment assistance programs for low-to-moderate income families.
down payment assistance, fha, home purchase, hud, low to moderate income, myhomedownpayment
In myhomedownpayment on March 5, 2009 at 2:31 am
Recently I received an email requesting information on down payment assistance programs for a specific city. Down payment assistance programs for that city are not listed on myhomedownpayment.com, yet.
This article is one of six on finding down payment assistance programs in your area. If you are looking for down payment assistance programs anywhere in the country, the following information should help get you up and started.
Begin by doing your homework. Buying a home can be a confusing process.
All of the people involved in the purchase of your home, except you, are working professionals. This means you are paying them – the real estate agent, the mortgage loan officer, the processor, the appraiser, the inspector, the escrow and title companies, the closing attorney, the seller and many other people.
Because purchasing a home is not something you will do often, you may be resistant to learning as much as possible about the process. Yes, this is information you will not use everyday of your life, but this is the largest purchase most of us will ever make. An investment. The more you know the better.
The Steps:
- Choose the first mortgage program you qualify for: FHA/HUD, Conventional, VA, or Rural Development
- Choose a State Down Payment Assistance loan or grant (must be eligible)
- Choose a County Down Payment Assistance loan or grant (must be eligible)
- Choose a City or unincorporated area loan or grant (must be eligible)
If you need further assistance feel free to contact me at contact@myhomedownpayment.com.
The author, Yasmin Sabur, is the founding member of My Home Down Payment and myhomedownpayment.com, e-education businesses promoting affordable housing through mortgage down payment assistance programs for low-to-moderate income families.
52weekshome